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Acquisitions + Mergers

Maag-Textron Adds the Hydreco Product Line – A Hydraulic Gear Pump Company

11.02.2002

Charlotte, North Carolina – Maag Pump Systems Textron, a division of Textron Fluid Handling Products, has brought back an old familiar name to the hydraulic gear pump industry. Hydreco, which was formerly part of the David Brown Hydraulics group, is now a division of the Maag Pump Systems Textron Company and will focus on serving the construction, forestry, agriculture, military, and mining industries.

"The strong reputation of the Hydreco name, combined with our well-known Maag name in gear pumps, will strengthen Hydreco's position in the hydraulic gear pump industry," said Dan Guthrie, director of Maag Pump Systems Textron, Inc. "With our recent successful acquisitions of the Wil-Man Polymer Filtration Group, EFC (Engineered Filtration Company) and the Fluid Systems Division of LCI®, the Hydreco division will broaden the scope Maag Pump Systems Textron's product offering to the gear pump market."

"As proven by these recent strategic acquisitions, it is clear that Maag intends to grow the company with the ultimate goal of offering our customers the best products available in pumps and filtration systems," said Guthrie.

The Hydreco division has moved its headquarters from Greenville, Ohio to Charlotte, North Carolina. Manufacturing for the North-, Central-, and South-American markets will be transferred to Maag's new facility in Charlotte, North Carolina. New contact numbers for Hydreco are (704) 295-7575 for telephone and (704) 295-7574 for facsimile.

Maag Pump Systems Textron, part of Textron's Fluid Handling Products group, is the leading designer and manufacturer of gear pumps and filter systems for the extrusion, polymer, industrial, and compounding process industries worldwide.

Textron Inc. (www.textron.com) is a global, multi-industry company with market-leading businesses in Aircraft, Automotive, Industrial Products, Fastening Systems and Finance. Textron has manufacturing facilities in 30 countries. Textron is among Fortune magazine's "Global Most Admired Companies" and Industry Week magazine's "Best Managed Companies."

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